Revive $13M AIG Coverage Row, U. Of Phoenix Tells 9th Circ.

Law360 (June 25, 2018, 6:03 PM EDT) -- The University of Phoenix's parent company on Friday asked the Ninth Circuit to overturn a decision finding an AIG unit had a valid reason to fight on rather than pay the $13 million settlement of a class action securities suit, saying important facts are in dispute.

Apollo Education Group asked the panel to find the district court judge had ignored evidence and misinterpreted the law when he issued his summary judgment that National Union Fire Insurance Co. had valid reasons and was acting in good faith when it refused to pay for the settlement of claims the educational company had sold...

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